Evergrande liquidators recover USD 435.9 million as PAG eyes property services stake
The liquidators, Edward Middleton and Tiffany Wong of Alvarez & Marsal, aim to make a first interim dividend payment to creditors in the first half of 2027...
Tag : China real estate
Evergrande founder jailed for life as China draws a line under its property bust
Hui Ka Yan's spectacular fall from billionaire property tycoon to prisoner marks a dramatic reckoning for the debt-fuelled business model...
Will China’s real estate sector return to growth path? Oxford economist answers
Moody’s expects China’s GDP to slow to 4% growth in 2024 and 2025 and average 3.8% a year from 2026 to 2030...
IF Insights: Will China’s ‘Housing Bloodbath’ end finally?
The housing sector crisis is affecting China’s banking system, which holds four-fifths of the country’s financial assets including most of the bonds...
China’s real estate stimulus faces consumer confidence test
China recently announced lowering interest rates on current mortgages and relaxing regulations for first-time homebuyers in major cities...
Business Leader of the Week: Meet Zhang Xin, woman who built Beijing
In 2011, Zhang Xin acquired USD 600 million dollar stakes in New York City's Park Avenue Plaza, followed by 40% stakes in General Motors in 2014...
China real estate rebounding from debt crackdown
According to Pan Gongsheng, real estate companies' bond sales totalled around 120 billion yuan in the fourth quarter of 2022...
China’s real estate crisis threatens global economy
China’s property boom has been a huge driver of the country’s economic growth -- the sector is responsible for around one-quarter of GDP...
Foreign investors are fearing to invest in China’s real estate market
It is because of China’s serious decline in the economy because of Xi Jinping’s obstinate zero-covid policy....
China to roll out new property tax
Xi Jinping agrees to implement the property tax by doing test tax runs in undisclosed cities of the country...